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LONDON (Alliance News) - Digital inkjet printing technology company Xaar PLC on Wednesday said its sales in the year to date have been broadly in line with its expectations and affirmed its revenue outlook for 2015.
Xaar said its sales to date in the second half of 2015 have been broadly consistent with the first half performance and said it continues to expect its full-year revenue to be between GBP92.0 million and GBP95.0 million, which would be down on the GBP109.2 million it made last year.
Ceramic tile printing conditions have been broadly in line, Xaar said, though some softening has been seen recently in China, the largest market for ceramic tiles. Packaging sales have been encouraging, the group said, while its thin film sales are also on track.
Xaar shares were down 3.8% to 485.035 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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